Coronation Fund Managers Ltd. Raises Stake in Dynatrace, Inc. $DT

Key Points

• Coronation Fund Managers Ltd. increased its stake in Dynatrace, Inc. by 22.9%, owning 366,012 shares after acquiring an additional 68,104 shares, making Dynatrace its 27th largest position.
• Other institutional investors also significantly raised their holdings, with Keybank National Association OH increasing its stake by 30% and Bridges Investment Management Inc. by 82.4% in the first quarter.
• Dynatrace's stock price recently rose 4.0%, with a market cap of $15.10 billion, and the company reported earnings of $0.42 per share, surpassing analyst expectations.

Coronation Fund Managers Ltd. grew its holdings in Dynatrace, Inc. (NYSE:DT - Free Report) by 22.9% in the second quarter, according to its most recent disclosure with the SEC. The fund owned 366,012 shares of the company's stock after buying an additional 68,104 shares during the period. Dynatrace accounts for approximately 1.1% of Coronation Fund Managers Ltd.'s portfolio, making the stock its 27th largest position. Coronation Fund Managers Ltd. owned about 0.12% of Dynatrace worth $20,208,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Keybank National Association OH raised its holdings in shares of Dynatrace by 30.0% in the first quarter. Keybank National Association OH now owns 738,230 shares of the company's stock valued at $34,808,000 after buying an additional 170,380 shares during the last quarter. Bridges Investment Management Inc. raised its holdings in shares of Dynatrace by 82.4% in the first quarter. Bridges Investment Management Inc. now owns 24,873 shares of the company's stock valued at $1,173,000 after buying an additional 11,234 shares during the last quarter. Asset Management One Co. Ltd. raised its holdings in shares of Dynatrace by 4.0% in the first quarter. Asset Management One Co. Ltd. now owns 121,613 shares of the company's stock valued at $5,734,000 after buying an additional 4,697 shares during the last quarter. Teacher Retirement System of Texas acquired a new stake in shares of Dynatrace in the 1st quarter worth $2,175,000. Finally, Lecap Asset Management Ltd. acquired a new stake in shares of Dynatrace in the 1st quarter worth $3,846,000. 94.28% of the stock is owned by hedge funds and other institutional investors.

Dynatrace Stock Up 4.0%

Shares of DT stock opened at $50.07 on Tuesday. The stock has a market cap of $15.10 billion, a price-to-earnings ratio of 30.72, a price-to-earnings-growth ratio of 4.25 and a beta of 0.88. Dynatrace, Inc. has a fifty-two week low of $39.30 and a fifty-two week high of $63.00. The firm's 50 day moving average price is $48.86 and its two-hundred day moving average price is $50.25.

Dynatrace (NYSE:DT - Get Free Report) last announced its quarterly earnings results on Wednesday, August 6th. The company reported $0.42 earnings per share for the quarter, beating analysts' consensus estimates of $0.38 by $0.04. The firm had revenue of $477.35 million for the quarter, compared to analysts' expectations of $467.39 million. Dynatrace had a net margin of 27.75% and a return on equity of 9.15%. Dynatrace's revenue was up 19.5% compared to the same quarter last year. During the same period in the previous year, the company posted $0.33 earnings per share. On average, equities analysts forecast that Dynatrace, Inc. will post 0.68 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on DT shares. BMO Capital Markets reduced their target price on shares of Dynatrace from $63.00 to $62.00 and set an "outperform" rating for the company in a research note on Thursday, August 7th. Royal Bank Of Canada raised their target price on shares of Dynatrace from $60.00 to $64.00 and gave the stock an "outperform" rating in a research note on Thursday, August 7th. Oppenheimer began coverage on shares of Dynatrace in a report on Wednesday, August 27th. They issued an "outperform" rating and a $65.00 price target for the company. Wells Fargo & Company initiated coverage on shares of Dynatrace in a report on Tuesday, September 30th. They issued an "overweight" rating and a $65.00 price target for the company. Finally, Citigroup dropped their target price on shares of Dynatrace from $68.00 to $64.00 and set a "buy" rating for the company in a report on Monday, August 18th. One investment analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating and six have given a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $62.96.

Insider Buying and Selling at Dynatrace

In other news, EVP Dan Zugelder sold 7,503 shares of Dynatrace stock in a transaction that occurred on Monday, October 6th. The shares were sold at an average price of $50.00, for a total transaction of $375,150.00. Following the sale, the executive vice president owned 1,420 shares in the company, valued at $71,000. This trade represents a 84.09% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CAO Daniel S. Yates sold 2,000 shares of Dynatrace stock in a transaction that occurred on Thursday, September 4th. The shares were sold at an average price of $49.89, for a total transaction of $99,780.00. Following the sale, the chief accounting officer owned 22,555 shares in the company, valued at $1,125,268.95. This represents a 8.14% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 10,602 shares of company stock valued at $529,579 over the last ninety days. Corporate insiders own 0.57% of the company's stock.

Dynatrace Profile

Dynatrace, Inc provides a security platform for multicloud environments in North America, Europe, the Middle East, Africa, the Asia Pacific, and Latin America. The company operates Dynatrace, a security platform, which provides application and microservices monitoring, runtime application security, infrastructure monitoring, log management and analytics, digital experience monitoring, digital business analytics, and cloud automation.

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